ReposiTrak reports 14.8% stake in SPAR Group

ReposiTrak, Inc. reports beneficial ownership of 4,190,569 shares of SPAR Group, Inc. common stock, representing 14.8% of the class.

Rhea-AI Filing Summary

ReposiTrak, Inc. reports beneficial ownership of 4,190,569 shares of SPAR Group, Inc. common stock, representing 14.8% of the class. The filing cites 25,129,991 shares outstanding as of May 5, 2026 and notes an additional 3,190,569 shares issued on May 29, 2026, for an aggregate of 28,320,560 shares outstanding as of the filing. The filer states sole voting and sole dispositive power over the reported shares.

Insights

Institutional Ownership Analyst

Repo­siTrak now holds a material 14.8% stake in SPAR Group.

The Schedule 13G shows 4,190,569 shares beneficially owned with sole voting and dispositive power. The filing ties the percentage to May 5, 2026 outstanding shares and an additional issuance on May 29, 2026.

Future filings may disclose changes in position; cash‑flow treatment is not stated in the excerpt.

Corporate Governance Specialist

Holding above 10% can trigger governance attention without implying control.

The filing documents sole voting authority over the reported shares, which makes Repo­siTrak a significant holder under reporting rules. The excerpt does not assert board representation or a control intent.

Subsequent amendments or proxy filings would clarify intentions or any proposal influences; timing not included in the excerpt.

Key Figures

Reported shares beneficially owned: 4,190,569 shares Percent of class: 14.8% Shares outstanding (prior): 25,129,991 shares +4 more

7 metrics

Reported shares beneficially owned 4,190,569 shares Amount beneficially owned by ReposiTrak per Schedule 13G

Percent of class 14.8% Percent of common stock represented by reported holdings

Shares outstanding (prior) 25,129,991 shares Outstanding as of <date>May 5, 2026</date> (Form 10‑Q)

Additional shares issued 3,190,569 shares Shares issued on <date>May 29, 2026</date> (Form 8‑K)

Aggregate outstanding 28,320,560 shares Aggregate outstanding used to compute <b>14.8%</b>

Sole voting power 4,190,569 shares Sole power to vote per filing

Sole dispositive power 4,190,569 shares Sole power to dispose per filing

Key Terms

Schedule 13G, Beneficially owned, Sole dispositive power

3 terms

Schedule 13G regulatory

"Item 1. (a) Name of issuer: SPAR Group, Inc.; form header shows Schedule 13G"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficially owned financial

"Item 4. (a) Amount beneficially owned: 4,190,569"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole dispositive power regulatory

"Item 4. (c)(iii) Sole power to dispose or to direct the disposition of: 4,190,569"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does ReposiTrak report in SPAR Group (SGRP)?

ReposiTrak reports beneficial ownership of 4,190,569 shares, equal to 14.8% of SPAR Group's common stock, per the Schedule 13G filing. The percentage is calculated using outstanding share counts cited in May 2026 filings.

How was the 14.8% ownership percentage calculated for SGRP?

The filing uses 25,129,991 shares outstanding as of May 5, 2026 then adds 3,190,569 shares issued on May 29, 2026 for an aggregate of 28,320,560 shares to compute the 14.8% figure.

Does ReposiTrak have voting control over the reported SGRP shares?

Yes. The Schedule 13G states ReposiTrak has sole power to vote and sole power to dispose of the 4,190,569 shares it reports owning in SPAR Group.

Does the filing indicate any plans to sell or acquire more SGRP shares?

The excerpt discloses the current beneficial ownership and voting/dispositive powers but does not state any plan or intention to buy or sell additional shares or the cash‑flow treatment of the position.

What filings are cited to support the outstanding share counts for SGRP?

The Schedule 13G references the Issuer's Quarterly Report on Form 10‑Q filed May 12, 2026 and a Current Report on Form 8‑K filed June 3, 2026 as the sources for the outstanding share counts used.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/09/2026 - 09:16 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

SPAR Group, Inc.

(Name of Issuer)

Common Shares, par value $0.01 per share

(Title of Class of Securities)

784933103

(CUSIP Number)

05/29/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 784933103

1

Names of Reporting Persons

ReposiTrak, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEVADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,190,569.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,190,569.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,190,569.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

14.8 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SPAR Group, Inc.
(b)	Address of issuer's principal executive offices: 110 EAST BOULEVARD, SUITE 1600, CHARLOTTE, NORTH CAROLINA, 28203.
Item 2.
(a)	Name of person filing: ReposiTrak, Inc.
(b)	Address or principal business office or, if none, residence: 5282 South Commerce Drive, Suite D292, Murray, Utah 84107
(c)	Citizenship: a Nevada corporation
(d)	Title of class of securities: Common Shares, par value $0.01 per share
(e)	CUSIP Number(s): 784933103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 4,190,569
(b)	Percent of class: 14.8%. The foregoing percentage is calculated based on 25,129,991 shares of the Issuer's Common Stock outstanding as of May 5, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed on May 12, 2026, together with an additional 3,190,569 shares issued on May 29, 2026 as reported in the Issuer's Current Report on Form 8-K filed on June 3, 2026, for an aggregate of 28,320,560 shares outstanding as of the date of this Schedule 13G
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 4,190,569
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 4,190,569
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

ReposiTrak, Inc.

Signature:	John Merrill
Name/Title:	Chief Financial Officer
Date:	06/09/2026